BSE crosses 20k again

The step by RBI has come in an attempt to boost economic activities and improve liquidity, informs Sachin Karpe.

Elaborating it further, Sachin Karpe said that MSF is an emergency fund that RBI lends to banks. The cut in rate would mean more money with banks which will ease out pressure from them. As an immediate effect, short term interest rates may come down, which will benefit the consumers. Thankfully, the festive season will not dampen and people can have some cheers.